| Product Code: ETC4486710 | Publication Date: Jul 2023 | Updated Date: Nov 2025 | Product Type: Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 85 | No. of Figures: 45 | No. of Tables: 25 |
The Philippines continues to rely on key suppliers for hexane imports, with South Korea, Thailand, China, USA, and Singapore leading the way in 2024. The high Herfindahl-Hirschman Index (HHI) indicates a concentrated market. The compound annual growth rate (CAGR) from 2020 to 2024 stands at an impressive 19.11%, with a notable growth rate of 10.67% in 2024. This data suggests a strong demand for hexane in the Philippines, with continued reliance on these top exporting countries for supply.

The Philippines` hexane market is closely tied to the country`s agriculture and food processing industries. Hexane is commonly used as a solvent in the extraction of edible oils from seeds and vegetables. As the demand for edible oils and processed food p
The Philippines Hexane market is primarily driven by the country`s expanding industrial and agricultural sectors. Hexane is widely used in the extraction of edible oils, such as soybean and palm oil, which are essential ingredients in the food industry. T
The Hexane market in the Philippines faces several challenges. Hexane is primarily used in the extraction of vegetable oils, and the market is influenced by the fluctuations in the demand for edible oils. This makes the market susceptible to shifts in the
The Hexane market, often used as a solvent in various industries, also faced disruptions. The lockdowns and reduced manufacturing activities led to decreased demand for industrial solvents, including Hexane. Supply chain interruptions and logistical chall
The Philippines` hexane market involves companies such as Royal Dutch Shell, Chevron Phillips Chemical, ExxonMobil, and Phillips 66. Hexane is primarily used as a solvent in various industries, including food processing, pharmaceuticals, and agrochemicals
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Philippines Hexane Market Overview |
3.1 Philippines Country Macro Economic Indicators |
3.2 Philippines Hexane Market Revenues & Volume, 2021 & 2031F |
3.3 Philippines Hexane Market - Industry Life Cycle |
3.4 Philippines Hexane Market - Porter's Five Forces |
3.5 Philippines Hexane Market Revenues & Volume Share, By Grade, 2021 & 2031F |
3.6 Philippines Hexane Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Philippines Hexane Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Growth in the pharmaceutical industry leading to increased demand for hexane as a solvent. |
4.2.2 Expansion of the food processing industry driving the need for hexane in the extraction of edible oils. |
4.2.3 Rising demand for hexane in the production of adhesives, sealants, and rubber products. |
4.3 Market Restraints |
4.3.1 Fluctuating prices of crude oil impacting the cost of hexane production. |
4.3.2 Environmental concerns and regulations regarding the use and disposal of hexane. |
4.3.3 Competition from alternative solvents and extraction methods in various industries. |
5 Philippines Hexane Market Trends |
6 Philippines Hexane Market, By Types |
6.1 Philippines Hexane Market, By Grade |
6.1.1 Overview and Analysis |
6.1.2 Philippines Hexane Market Revenues & Volume, By Grade, 2021-2031F |
6.1.3 Philippines Hexane Market Revenues & Volume, By Oil Extraction/Food, 2021-2031F |
6.1.4 Philippines Hexane Market Revenues & Volume, By Pharmaceutical, 2021-2031F |
6.1.5 Philippines Hexane Market Revenues & Volume, By Industrial, 2021-2031F |
6.2 Philippines Hexane Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Philippines Hexane Market Revenues & Volume, By Oil Extraction, 2021-2031F |
6.2.3 Philippines Hexane Market Revenues & Volume, By Pharmaceutical, 2021-2031F |
6.2.4 Philippines Hexane Market Revenues & Volume, By Industrial Cleaning , 2021-2031F |
6.2.5 Philippines Hexane Market Revenues & Volume, By Degreasing, 2021-2031F |
6.2.6 Philippines Hexane Market Revenues & Volume, By Polymerization, 2021-2031F |
7 Philippines Hexane Market Import-Export Trade Statistics |
7.1 Philippines Hexane Market Export to Major Countries |
7.2 Philippines Hexane Market Imports from Major Countries |
8 Philippines Hexane Market Key Performance Indicators |
8.1 Average selling price of hexane in the Philippines. |
8.2 Manufacturing capacity utilization rate of hexane producers. |
8.3 Number of new product developments or applications utilizing hexane in different industries. |
9 Philippines Hexane Market - Opportunity Assessment |
9.1 Philippines Hexane Market Opportunity Assessment, By Grade, 2021 & 2031F |
9.2 Philippines Hexane Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Philippines Hexane Market - Competitive Landscape |
10.1 Philippines Hexane Market Revenue Share, By Companies, 2024 |
10.2 Philippines Hexane Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |